Lucrative Tax Break for your SMB Customers - Close more business in 2009!

Take advantage of a chance to increase business before the end of the year.

As a benefit of the American Recovery and Reinvestment Tax Act of 2009, beneficial provisions of IRC Section 168(k) (relating to bonus depreciation) and Section 179* (relating to increased deductions) have been extended for new equipment and software placed in service.

As a result, your small business customers don’t have to postpone investing in Cisco® Small Business technology products that will help them work more securely and effectively anytime, anywhere. That’s good for their business. And good for yours, too.

Help your customers take advantage of this tax break today. Tell them today but make sure to mention they need to check with their CPA if this will apply to them.* Bonus depreciation is available for all businesses and provides an immediate depreciation deduction of 50 percent of the cost of new equipment and software placed in service during calendar year 2009.

For taxable years beginning in 2009, 100 percent of new equipment and software purchases up to $250,000 can be expensed immediately.To limit this benefit to small businesses, the maximum immediate expense amount is reduced dollar-for-dollar to the extent that a taxpayer’s total new equipment and software purchases for the year exceed $800,000.

For more on Section 179, visit the IRS website

None of this information should be construed as or constitutes tax advice—please consult your tax adviser for a complete and detailed analysis..

abptech.com.jpg *With courtesy from Cisco

Posted on Monday, December 7th, 2009 at 1:30 pm under Advanced Solutions, IP Infrastructure, IP Security, IP-PBX Solutions, VAR Partners. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Lucrative Tax Break for your SMB Customers - Close more business in 2009!

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